Whaley Automobile Founder Opens Up About the Company's Future Plans
In a recent interview, Whaley Automobile founder, Wang Yunbao, provided insight into the company's future outlook and strategies.
Wang Yunbao acknowledged that Whaley Automobile has been "struggling to survive" amidst challenging times. The entrepreneur revealed that in 2016 and 2017, only half of its employees received salaries during a difficult period, which had taken a toll on staff morale. He admitted that even he didn't sleep well during this time.
However, Wang Yunbao expressed confidence in the company's current situation. Whaley Automobile has recently secured numerous orders for its popular models, including the Whaley L, new X, and S Huntsman variants. The entrepreneur attributed this success to a series of orderly restructuring efforts during the transition period, which have enabled the company to deliver new vehicles to customers.
Wang Yunbao also mentioned that Whaley Automobile has been actively receiving payments at the recent Guangzhou Auto Expo, with many considering the brand as one of the prominent players at the event. The entrepreneur believes that these positive steps will ultimately contribute to Whaley's competitiveness and financial stability, aiming to turn over a profit this year.
In terms of its internal strategies, Wang Yunbao outlined plans such as simplifying business operations, focusing core competence, optimizing organizational structure, and reforming salaries to build a more efficient organization. The ultimate goal is to achieve cash flow positivity in the next year while strengthening the company's competitive edge.
For Whaley Automobile's external expansion strategy, the entrepreneur recently participated in a suppliers' meet-up in Nanning, where it secured financial support from investors to boost its supply chain capabilities. This aim is for Whaley to resume production at its Nanning factory and encourage other major factories nationwide to follow suit.
